In a bold move to position New York City as the “crypto capital of the globe,” Mayor Eric Adams has announced the launch of a Crypto Advisory Council designed to drive blockchain innovation, investment, and job creation across the city.
Speaking at the first-ever New York City Crypto Summit on May 20, Adams declared that the city is not chasing trends or internet memes. Instead, it’s making a strategic push to integrate emerging technologies like blockchain, tokenization, and cryptocurrency into everyday governance.
“We want to use the technology of tomorrow to better serve New Yorkers today,” said Adams, emphasizing the city’s ambition to become a global leader in fintech and digital innovation.
Why This Matters for Crypto Enthusiasts
Mayor Adams’ initiative sends a clear signal: New York City is open for crypto business. With plans to attract top talent, venture capital, and cutting-edge blockchain startups, this move could reshape the city’s financial landscape — and fast.
The new digital advisory council will soon announce a chairperson and key policy recommendations aimed at building an inclusive, equitable tech ecosystem that empowers both residents and businesses. This includes exploring crypto payments for taxes and city services as well as leveraging blockchain to securely manage personal records like birth and death certificates.
“Blockchain security can ensure sensitive documents stay private but remain easily accessible for families,” said Adams.
Strategic Partnerships and Forward Momentum
Earlier this month, Adams unveiled collaborations with leading financial players such as Figure, Traction, and Scale, who will help steer the city’s crypto efforts. These partnerships show real momentum behind the city’s goal to become the epicenter of Web3 innovation.
The move comes as New York state lawmakers also ramp up efforts to regulate and integrate crypto. Assemblyman Clyde Vanel introduced a bill to allow state agencies to accept crypto payments, while Senator James Sanders Jr proposed a Blockchain Study Act to assess the current state of crypto adoption in the state.
Although these bills are still making their way through the legislature, the interest in regulatory clarity and proactive engagement is growing rapidly.
Join the Crypto Future — in NYC
Whether you’re a crypto investor, developer, or entrepreneur, there’s never been a better time to watch New York City. With Mayor Adams at the helm, NYC is actively working to become a world-leading hub for blockchain and digital finance.
If you’re passionate about crypto and eager to be part of the next financial revolution, keep an eye on NYC — or better yet, get involved now.
👉 Explore more crypto news, trends, and opportunities at https://cryptodicenews.blog — where the future of finance begins.
This is not about chasing memes or trends,” he said. “We want to use the technology of tomorrow to better serve New Yorkers today.
